KARACHI: The Directorate General of Customs Valuation revised the customs value of Polyester/Acrylic pile fabric for blankets (225 GSM and above) through valuation Ruling No 1003/2017 under Section 25-A of the Customs Act 1969.
According to details, the Order in Revision 222/2016 dated 03-08-2016 passed by the Director General of Customs Valuation for determination of assessable value for determination of customs values of Polyester/Acrylic pile fabric for blankets (225 GSM and above) is undertaken.
Sources told Customs Today that meetings for the determination of customs values of determination of customs values of Polyester/Acrylic pile fabric for blankets (225 GSM and above) with the stakeholders were held on 23-082016 and 21-12-2016, wherein the basic issues were raised by the stakeholders that importers are facing challenges due to purported smuggling of the item that printed and dyed pile fabric is still not converted into blanket therefore it should be treated as pile fabric instead of unfinished blanket. Valuation Ruling No. 784/2015 at S.No.6 the value of Polyester pile fabric (knitted / narrow knitted) is used for ladies suiting which is a different item compared with the much heavier Polyester pile fabric from which blankets are made.
Furthermore, some of the importers submitted their import documents along with samples. They also submitted the working sheets showing conversion from raw material to finished form. All the participants were requested to submit the relevant documents so that correct customs values could be determined accordingly.
